The Atlanta Fed plays several key roles in the payments industry, including operator, supervisor, and researcher. Our district is also a major hub for domestic payments—approximately 70 percent of U.S. payments flow through Atlanta, earning the metro area the nickname of "Transaction Alley."
Roles the Atlanta Fed plays in payments include:
- Operator. Under Federal Reserve Financial Services, the Retail Payments Office is a payments network operator offering payments products and services to financial institutions and providing thought leadership to the industry.
- Supervisor. In addition to conducting exams of bank holding companies and domestic and international banks, we supervise technology service providers.
- Convener and researcher. We are exploring payments systems design and risks in technological innovation and bringing people together to share, educate, and collaborate.